Advocates warn New Jersey solar market could collapse again

Utility Dive

October 22, 2018

New Jersey’s solar market could be on the verge of its second collapse experts warn, as the state’s Solar Renewable Energy Credit (SREC) program prepares to wind down and legislatively-set cost caps on renewable energy create complications.  Officials at the Sierra Club say the law must be changed to avoid a market crash in 2020 when cost caps kick in, and a stopgap replacement for the expiring SREC program is necessary to avoid near-term job losses.

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